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schakowsky says there's no way a deal can be reached and if union workers don't get the health care benefits they want may walk out, this after unions are making moves across the board in business that have put certain firms out of business. we've got the debate coming up. what are you up to? oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't true. where did you hear that? [ both ] the internet. oh look. here comes my date. i met him on the internet. he's a french model. uh, bonjour. [ male announcer ] state farm. more mobile than ever. get to a better state. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investor
on it. more from michigan. unions protesting this right to work legislation. we will take you there. dagen: more soldiers being booted from the military because they are just too big. take a look at world currency today. is it time to plan a trip yet. that would be a big no. ♪ >> 22 minutes past the hour. severe weather continue to pound parts of the bid west. the slow-moving storm dumped ten and a half inches in just 24 hours. the twin cities have seen almost as much snow already has all of last winter. a 31-year-old man is shot, execution style, while walking down the street yesterday. police are now looking for two suspects. medics rushed the victim to the hospital where he died. defense attorneys for. to asking a judge to and gps monitoring. those are your headlines. dagen: thank you. british banking giant agreeing to pay almost $2 billion. more than $1.9 billion. a record amount for a allowing money laundering to go on for years. this is the largest penalty ever paid. it is a nonprosecution agreement. if it changes its ways it will not be prosecuted. if you think the governme
melissa: that is a good one. welcome, i am melissa francis. lori: i am lori rothman. unions come out in protest on right to work legislation. melissa: the battle for control, who will be the new leadee of the oil cartel? saudi arabia or archrival iran fighting for the top spot. lori: you heard dennis and cheryl speaking to house speaker john boehner taking to the house for questioning when president obama will "get serious in fiscal talks." there are just 20 days left until we are at risk of going over the fiscal cliff. let's get you updated on the market as we do every 15 minutes, stocks now. let's go to the floor of the new york stock exchange. the market having a good day today. nicole: indeed. we have been over the 13,300 mark but still holding onto stellar games, lori and melissa. so up triple digits up 110 points so really is a nice showing. 28 of the 30 dow components in the green. we heard from house speaker john boehner. the overall sentiment after he spoke is a few negative pieces of language in his speech that ultimately in the end he was trying to say they're trying t
state to pass right to work laws for private and public workers unions bitterly oppose. michigan governor rick snyder is expected to sign the bills on tuesday. >> i view this as solving an issue for michigan workers. we have hard-working people in michigan. this is about giving workers choice. david: what does all this mean for the workers, for businesses and for the unions? joining us is michigan state senator patrick kulbec. thanks for coming in. i appreciate it. let's say what right to work laws are not. they not about outlawing unions. a lot of union workers have said, these right to work laws would outlaw, they're only about not forcing people to pay the unions if people don't want to, right? >> that's exactly it. collect tiff bargaining still stays in place. all we're talking about is giving workers a choice whether or not they want to financially compensate a union via union deals. david: why do you think the bills are necessary? >> for me we looked at the state of michigan and only state in the nation that lost population in the last census. i went off and did analysis an
on capitol hill. will lawmakers strike a deal on avoid the fiscal cliff by the new year? plus, union members flock to michigan's capital. the changes ahead for the workforce in the great lakes state. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning and happy 12-12-12! i'm angela miles. in today's first look: the market rallied into today's anouncement from the federal reserve which includes a news conference from fed chair ben bernanke. the dow is now up for the 5th session in a row. the other big news - oil was a gainer for the first time in 6 sessions. explosive details are emerging that fedex was "systematically overcharging" businesses and the goverment. the emailed comments were released in court documents in a class action lawsuit. a fedex official says the documents don't tell the whole story. and shares of rare earth molycorp fell 5% on word the cmpany is seraching for a permanent ceo. larry shover of sfg alternatives joins us now for an early look at the market. good morning to you. and are we waiting for
-to-work state. thousands of protesters and union members converged on the capitol in lansing yesterday to object to the measure that would bar unions from requiring workers to pay membership dues and to join the union. governor snyder signed the measure into law. >> shouldn't the unionsing putting out a proposition that workers want to join a union? and shouldn't workers feel free to make that choice to say their dollars are going to the union or not based on they feel they're getting results? so that's what this is really doing. so that's why i view this as pro-worker, not anti-union. >> the right-to-work clause regarded as a big blow to organized labor which has seen membership decline across the country. down to private sector 7%. >> you think overall, isn't it, 7%? more than 50% of those work for the government. >> 7% and more than that if you go up, like -- i think it's 16% if you include -- 13 if you include public, which is -- where it is. a contentious issue. they point to what happened in indiana. you know, more jobs, better -- better economy -- >> i think the -- >> the right-to-work st
ministers will try to come to an agreement on the eu banking union, but deep revisions remain. >>> house republicans put forward their plan to cut the u.s. deficit, but the proposal is quickly dismissed by democrats and the white house. >>> and australia central bank cuts interest rates to the lowest level since the financial crisis in a bid to get ahead of sluggish commodities demand. we're on tuesday and off to a slightly, what, soft close yesterday for european stocks. right now we're pretty evenlies passed, advancers just about outpacing decliners on the stoxx 600, but not by much, 5:4 if that. so one hour into the trading session, this is where we stand. the ftse 100 just flat, a flat close yesterday. the dax was essentially fairly flat yesterday. up just ten points. the cac 40 yesterday doing a little bit better, up 0.2%. first pointing out ftse up 9 out of the last 11. we have seen yields continue to decline in spain. just 5.23%, but still capped. spain requesting financial assistance. we'll keep our eye on the uk as we head toward the bank of england meeting this week p. dollar i
divided over union rights legislation. how one signature could affect millions. plus, from retail giant to bankrupt & broken - a look at the rise and fall of circut city. how top techniques used by wealthy americans turn into big deductions on taxes. and, ways companies are tracking smartphones to learn how to advertise to your children. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's tuesday, december 11th.i'm angela miles. in today's headlines... the market is still looking for progress on avoiding the fiscal cliff. president obama and congressmen boehner met at the white house yesterday. stocks inched higher on the news, with the dow and s&p 500 near 5-week highs. selling in apple once again held back the nasdaq. gold was up and oil was down. a two-day fed meeting starts today with the fed most likely talking about stimulating the economy by purchasing more treasury bonds to keep interest rates low. the government is selling its remaining stake in aig... and reports say regulators have a $1.9 billio
towards union busting. protests against a proposed new labor law in a state known for organized labor. we are live from michigan next. >>> and call it man versus python. the state of florida needs your help to kill thousands of massive reptiles. why does this sound like it may not end well? they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. [ male announcer ] polident. capella university understands back from rough economic times. employees are being forced to do more with less. and the need for capable leaders is greater than ever. when you see these problems do you take a step back, or do you want to dive right in? with a degree in business from capella university, you'll have the knowledge to go further in your career than you ever
's governor, rick snyder, on the news causing a big stir in what was a union stronghold. liz: less than three weeks less for congress to agree on the fiscal crisis. any signs democrats and republicans are moving closer to middle ground? rich edson sitting down with the new chair of the house financial services committee. ♪ [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. you know how painful hear
'm sure it will. i agree with you. >>> the other story, tensions mounting in michigan as union workers are protesting a bitterly distributed right-to-work bill. nbc's rob mott now with the details. >> reporter: good day to you from the michigan state capital where we saw a lot of protesters out here protesting two measures that the house passed today that would bar unions from forcing people to join those unions as a condition of employment. sometime tomorrow governor rick schneider is expected to sign them into law make michigan the 24th right-to-work state in the country, joining a lot of others where the gop has majority in the state legislatures. now, a lot of these workers today were dismayed at the timing of all of this. this is taking place during a lame duck session of the legislature when a new body is being sworn in here, and in a month's time it's going to have a few more democrats than we saw here today, so when i sat down with the governor this afternoon i asked him why not delay this just a little bit longer, let a new body come in and give workers and people around the s
in michigan as state lawmakers approve right to work law graduation. new laws that prohibit new unions from collecting fees from non-members. mike towbin has more on this. >> they cannot stop what governor rick snyder calls freedom to work legislation from being passed on tuesday because michigan republicans simply have the numbers. the demonstrations have gotten ugly. eight people have been arrested. additional state troopers have been diploid to the capital. unlike drawnout labor standoffs we have seen in years, rick snyder has been able to slam us through the legislature during the lame duck session. he insists he is not picking a fight. >> it is not picking a fight. i view this as solving an issue for michigan workers. >> this does not mean that michigan democrats are about to throw in the towel. they say it is an understatement to claim that this legislation will face legal challenges. they will challenge the manner in which a legislation was pushed through so rapidly. democrats claim republicans in michigan have pulled every trick in the book. >> they have lied to us every step of the
outpacing government workers. it seems that government workers still unhappy. unions upset with the new reality of coworker reform. alan wilson joins us and tells us why they should be cheering you right to work lou: michele obama saying that voter suppression was in full force. in so many states around the country. the first lady, however citing a specific, and it prompted judicial watch president to issue the following statement. this is obama's accusations about minority votes. it shows a dangerous disregard for the truth. we are aware of no evidence of voter suppression. by the way, we have not heard from the justice department one thing at all, mr. eric holder's historthat we certainly would have if there had been any incidents of voter suppression. our next guest defenses state's top voter id law. saying that it is a paramount issue of importance that we protect the electoral process and ensure that voter fraud is eliminated. joining us now is alan wilson, attorney general of south carolina. great to have you with us. what is your reaction to what the first lady hado sy? >> obviou
that is his world view. what has the city of chicago be doing? >> rahm emanuel took on the teacher's union. >> he got rolled. and they've been selling assets. it's been asset sales, parking contract, not dealing with the underlying spending problems. so house republicans are determined to deal with this debt question. so when boehner comes out and gives his talk right after the election -- >> but honestly, the administration has criticized the republicans because there are no specifics in the spending cuts. >> come on, look. the erskine bowles language -- you know how this works. house republicans are will -- >> give me one. >> i won't play that game and here's why. house republicans -- house republicans are willing to sit . house republicans are willing to sit down. they're not any more anxious to deal with the cuts and pass the cuts than anybody else is but we demonstrated through the ryan budget, we did it once, we did it twice -- >> i'll give you that point. i wish everybody would stop talking about this in public and get behind closed doors and actually make this happen. i can't belie
, in the meantime, we can talk about how this banking union might work out in the long run. but my guess is it will take a long time yet before they reach an agreement on banking union because this agreement, this minimal agreement but important agreement took many hard sessions to even wrestle out a compromise like this. so i think banking union is fine. >> silvia wadhwa, thank you very much for following that for us into the wee hours of the morning. joining us for more on what this means for the market is paris annan from fidelities investment. we wake up to this news. it's significant. as you look into 2013 and you start to look at why european equities are going in general, how does thi change if at all your views? >> well, when we think about the outlook for on 2013, you could almost separate it into two outlooks. you have the outlook for the macro economy and the politics in the euro crisis and the outlook for making money in the european shares. with things likes the eu banking supervision and even the change in italian politics, what we're seeing more generally is that these eve
, about anning union, fiscal union, political union, but the absence of the market pressure is causing all of those things to be delayed and watered down. that's really what's going on. we have solved nothing. we have kicked the can. that's worth a lot, actually. that's why the markets are stabilizing. so it's a better situation than it was, but it's not solved, right? nothing has been resolved yet. >> that pretty much sums up the year. i have a feeling we'll sum up 2013, as well. straight ahead, we are going to get third quarter gdp figures out from the uk. we'll bring you those figures as soon as we're back. don't go anywhere. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express ber 22nd for christmas delivery. >>> welcome back to "worldwide exchange." a setback for negotiations between congress and the white house as house speaker john boehner's plan b fails with just ten days until the fiscal cliff deadline. markets are trading lo
to pay union dues. is this anti-union or pro business? how do you call it? >> i think it is an anti-union move. it will help businesses as well. a lot of people think it is a libertarian thing. it gets in the way of people's freedom of contract for employers to be able to say, i will only employ union workers. i can don't think these laws are a good idea. >> i'm very torn about this, john. i think requiring someone to pay fees to a union as condition of employment, that strikes me as wrong. on the other hand, my grandmother is with the internation international garment workers for three years. i think she would say, allowing people to piggyback on the gains made because you want to get out, i would v a problem with that too. i'm torn about this and i don't mean to sound wishy washi. >> i'm with you, bob. two, two, two mints in one. i think it is both anti-union and pro business. they are saying we are losing competitively to states like texas, north caroline why and virginia and others in the fights for workers. think i we all saw this coming. apple working with employers in asia to test
with more. i would think it would be a hot commodity. >> reporter: here is the interesting thing. union intransigence helped kill the twinkie and the paragon of junk food may be brought back to life by one of the most hated union foes of all, walmart. reports are walmart is looking at the body parts of the neb did hostess brand. 40 percent of hostess we sales. turnkeys, hellos, ding-dongs, and of the delights. here is how delicious it might be. closing doors after mark -- last month. needed to reduce $100 million per year in retiree health costs. over half of it going to people who never worked at hostess. forcing the company to run to separate fleets, now they're looking at buying a pieces. mostly brands without the union plans and some 18,000 workers, most union employees. now comes walmart, object of union's corn for years. protesters descended on stores to pick over workers having to serve shoppers on thanksgiving night, never mind that more union people than actual walmart employees are protesting. never mind the unions don't represent walmart workers, but they would love to. think
kill the twinkie. now they may be brought back to life by one of the most hated union foes of all. walmart. the largest retailer for 40% of hostess suite sales. this is how delicious this would be. hostess close its doors last month. even the teamsters had agreed to swallow. over half of it going to teamsters who had never worked that hostess at all. they wanted to cut union rules. now, bidders looking at buying up the pieces. without union plants and some 18,000 workers. now, comes walmart. protest on black friday. the unions don't represent walmart workers at all, but they would love to. now, if walmart ends up buying the twinkies brand, that had to drive the unions crazy. don't you just love it. i bet you do, they love it. [talking over each other] connell: cheryl casone and you will be on next hour. house flipping. it is back. it has been a sputtering box office. we could end up with a record thanks to "the hobbit." dagen: we love it. connell: we will be right back. markets now. ♪ tdd#: 1-800-345-2550 this morningng, i'm going to trade in hong kong. tdd#: 1-800-345-2550 then
due to meet in a last-ditch paem attempt to agree on union supervisor. the timetable for implementing reforms are seen as main sticking points. germany's reluctance to hand over supervision of all of its banks to the ecb. france wants the central bank to have ultimate responsibility. that's not to mention demands from the u.k., sweden, and the netherlands which makes us have stuart richardson, still with us, whether the banking union thing's going to happen. if so, when? >> i think the move toward some sort of banking union is in progress here. it has been -- european, a work in progress. so it would appear that sweden was coming out of thing yesterday, the dave before -- day before, they're not backing the full union. germany wants limited banking union. >> does it matter -- how urgently do we need this in place? >> i think it's one of the key issues that needs to be resolved within the whole european project such as fiscal and political union. i think that the -- if they're going do it, they might as well do it right. as an investor, to me it's not that important for the next one or
represented by the longshoremen's union and the u.s. maritime alliance are close to finalizing a new labor deal. so close, that they've extended the deadline on negotiations by another 30 days. this heads off a strike that could have begun on sunday, crippling 14 important ports. the possibility of a strike worried retailers, manufacturers, and farmers, and risked losses in the billions. >> susie: our next guest says once the fiscal cliff mess is resolved, there will be an explosion of mergers and acquisitions in 2013. he's robert profusek, chairman of the global m&a practice at jones day. so bob why you are so up beat about more mergers and being a acquisitions especially with everything going on with the fiscal cliff. >> it's a pessimistic time andtn the merger market. m & a has been fantastic. 9 market has been okay. it's not been at th terrible bus been good. it's been held back by the negativism that was focused on the eu and this year it's the fiscal cliff and the election and everything else. the conditions are there. we need more m. & a in this cup. >> you are saying they are notgt
-and-a-half of periodic checks. as far as employee representation, he says no union has blocked arrowsight from installing cameras to monitor employees. in less than one year, online coupon company groupon moved from massively hyped to a mostly forgotten $4 stock. paul eggers takes us behind the scenes as former groupon employees vent over the rise and fall of company stock. groupon's stock chart is not a pretty picture. from its opening on the nasdaq in november of last year to today, the stock has dropped more than 80%. during that time, while traders quickly sold off their shares, former employees of groupon like jason bowman were barred from trading their options on the open market until june. "at one point during the lockout, it was about $30, and people were saying, 'boy, this could be something.' and then it went down to $7 and people said, 'boy, what happened to all that money?'" groupon alum dan knispel also was forced to sit on the sidelines as the value of his shares plummeted "i'd say it was rough, from time to time, especially as the number got smaller and smaller." like many early groupon em
class, this is from a teacher's union. we'll talk about it, new at 10. d a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care profesonals who understand the difference that quality time with our members can make... that's a very nice ke! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share withhe ones who matter most. love you, grandma! [ male announcer ] humana. ♪ >> announcer: you never know your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just r
are breaking out over new legislation that puts the union on defense. dagen: the war on business. antitrust penalties. connell: the economic sanctions on iran. we will find out why this matters so much. dagen: it is the top of the hour. stocks now with nicole petallides. nicole: those breakfast meals are doing so well for mcdonald's. leading them right along. it is a top performer on the dow jones industrials. mcdonald's, we have to take a look at it. they are november sales are coming. all of these worries started to brew whether or not they donalds would launch a deal. they are back. they have winning numbers. they show growth of 2.4%. as i noted, breakfast meals doing well here in the states. of $0.89. allost $90, 89.37. the dow jones industrials, right now, are up one quarter of 1%. this is after wreaths. weeks of gains. last week, we gained about 130 points. the traders that i have talked to, continue to say the trend remains to the upside. back to you. connell: thank you. dagen: president obama pushing his plan for dealing with the fiscal cliff in detroit. connell: peter barnes is in
next movie, you had better be a union member. a low unemployment rate to a high number of unemployed. what is going on with this economy? and what happens next year? former cbo director joins us next. ♪ [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enougfor sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and ll your doctor right away if you experience a sudden decreaser lo in vision or aring. this is the age of taking action. viagra. talk to your doctor. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ san
is bac,and he is angry, as alwa. if you plan to be part of his next movie, you had better be a union membe a low unemployment rate to a high number of unemployed. what is going on with this economy? and what happens next year? former cbo director joins us next. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have qutions about incorporating a business you'd like to start. or questions abo protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalom helps you get personalized and affordable legal protection. in most states, legal plan attorney is available with every personalized document to answer any questions. get t started at legalzoom.cm today. and now you're protected. aah! learning how to kick flip 6 stairs takes determinion. so will getting into college. i've got what it takes. so do you. ♪ lou: joining us now, the former director of
be a union member. a low unemployment rate to a highumber of unemployed. what is going on with this economy? and what happens next year? former cbo director joins us next. ♪ lou: joining us now, the former director of the congressional budget office, former commissioner of the financial crisis inquiry commission, how many shows can brag that we have had two members of the commission on the same night and, as well, president o the american action form. pretend you're. >> thanks. lou: fighting words in washington. the speaker today actually said these words. the president has adopted a deliberate strategy to a slow walk our economy right to the edge of the fiscal cliff. are you emotionally moved? do you think the nation is galvanized? >> i don't know if the nation is galvanized in the but i will be honest to my nervous about this. i view the clippers a genuine economic threat and a recipe for recession. weheard the secretary of treasuryaid earlier this week that he was prepared to go over the cliff, which i found shocking as the top economic official in an administration if that is the stra
be a union member. a low unemployment rateto a high number of unemployed. what is going on with this economy? and what happens next year? former cbodirector joins us next. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins eas 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? nfc, afc, r double miles on every purchase, every day! offensive lineman, defensive tackles, quarterbacks and cornerbacks are all working with united way. for a million little reasons. the kids of our communities. to ensure their academic success, all the y to graduation day. it takes about 12 years to create a graduate it takes the same time to create a dropout. and the difference between a kid becoming one or the other could be professional athlete. or
be a union member. a low unemployment rate to a high number of unemployed. what is going on with this economy? and what happens next year? former cbo director joins us former cbo director joins us next. [beep] [indistct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find o how it can help frontline health workers bring hope to millions of children at everybeatmatters.org. ♪ lou: joining us now, the former director of the congressional budget office, former commissioner of the financial crisis inquiry commission, how many shows can brag that we have had two members of the commission on the same night and, as well, president of the american action form. pretend you're. >> thanks. lou: fighting words in washington. the speaker today actually said the words. the president ha dopted a deliberate strategy to a slow walk our economy
that the company must enter into a collective bargaining agreement with the labor union. the company is arguing the decision can't be made because the recess appointments are invalid. here is weigh in, lis wiehl, fox news analyst and randy zelen. look at the end of the day this whole thing is argument was the senate in session or was it not. >> were they in kindergarten or on recess. the president may have skirted the law a little bit, like a little bit of sidelining it but did he cross over the line? no. does this happen all the time? yes. yes it does. melissa: randy, what do you say. >> skirted the law like i'm wearing a skirt. he obliterated law. exactly. let's take a step back look at what this whole thing was designed to do. once a upon a time, smart guys, founding father, look you have to make a temporary appointment, senate confirm it we'll not the drag the senate back in. mr. president do what you have to do. it was for the convenes of senate, not to screw the senate which is exactly what the president is doing. >> this is family show. we don't speak in those terms. melissa: was he tryi
one k -- 401(k), like in san diego. that was shot down because unions were against that. you have had a five-fold increase in annual payouts for pensions the dozen years or so. how will you meet that growing demand? how are you going to straighten that out? >> first of all, thank you for asking that question. pensions here in this city and municipalities across the country aren't sustainable going into the future. we're living a lot longer. i'm going to be 60 in january. i hope to live till i'm 80. you can't retire and gett3 proportion of your salary that you did in another era. and so we've actually gotten our employees to go from 6%, to 11%, the largest jump in the state. one of the largest in the united states. that is our current employees. i put a plan together, you're right, one plan failed. that was the riordan plan. i put a plan together to move retirement for new employees from 55 to 65, to reduce what you get at the end. david: the unions have already dumped on that the union seas that is unacceptable. >> well, they have dumped on it but we passed it on a 14-0 vote. for new
workers still unhappy. unions upset with the new reality of coworker reform. alan wilson joins us and tells us why they should be cheering you right to work john is 42. mortgage. married. two great kids. he wts to protect his family with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred dollars a month? sixty? forty? actually none of the above. john can get a $500,000 policy -from a highly rated insurer - for under $25 a month. his secret? selectquote. selectquote is impartial. they'll search the pick of insurers like these to give you a choice of your best prices. selectquote has great savings on term life for women, too. john's wife carrie, can get a $500,000 policy for under $16 a month. selectquote has helped make term life insurance affordable for hundreds of thousands of people since 1985. how about you? just call this number or visit selectquote dot com. lou: michele obama saying that voter suppression was in full force. in so many states around the country. the first lady, however citing a specific, and it prompted judicial watch president
from capitol hill. we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ >>> we're going to take you to lansing, michigan, where a dramatic story is developing at this hour. thousands of union supporters have swarmed into the state cap hole there to protest a so-called right-to-work bill that was just passed by the state legi
that could weaken the power of unions. [chanting] >> this is new video of the protesters this morning. the bill would make it voluntary for workers to join unions. they could not be forced to pay dues even though the union would still bargain on their behalf. >> you will have people that will be working right alongside you that will not have to pay union dues if you pay union dues but will still be able to get all of the benefits from being a union member. >> shouldn't people have the opportunity to say if they want to belong or not? and i think this could be good for economic development. >> democrats oppose the measure but republicans have a majority in the state legislature so the bill is expected to pass. this is a live look from the newschopper of some of the crowds that have gathered outside of the state capitol there in lancing, michigan. again, thousands of union members gathering to protest the so-called "right to work" legislation and that includes automakers, machinistens and others. a lot of -- machinists, a lot of support there. 23 states already have this right to work l
? gerri: mayor was a day, there was a time when -- we're talking the california teachers' union, these two entities were considered highly moral operators in the world of investing. they were the first to pull out of south africa investments. people paid attention to what they did and others to do the same thing. these two unions are bilking of the state of california out of every dollar they can get. you see into something like this, put pressure on a private investment company to dump stake in a legitimate company and you got to think is that really leadership? ashley: the knee-jerk reaction to everything going gone. gerri: i don't know it is a knee-jerk. i believe they think they're taking a leadership role. this is the teachers' union. teachers were killed. i would not say is a knee-jerk. it is fought through but it is interesting how our view of these two unions has changed so dramatically over the decades that now you see something dramatic like this and stand back, is that something i want to follow or not? because then there is the notion of social investing. should you care about
for the markets and for consumers. just moments ago the los angeles mayor announcing that union and management have agreed to federal mediation, in a bid to end the strike at the ports of los angeles and long beach. that is according to a reuters report. the strike is entering its 8th daa the local clerk union for them fights for jobs they say are being threatened by technology in the future by the way. the protests are causing a near shutdown of the nation's two busiest ports and nearly one billion dollars a day in economic damage. joining us is christopher lytle, executive director of the port of long beach and give me reaction to the news that we're hearing that the mayor is talking about federal mediation right now? >> i think that is really good news. the obviously, the parties now for a long period of time haven't been able to reach a conclusion, a resolution to the problem. i think the addition of the federal mediator is a very, very wise step. melissa: you are in the man in the middle here. you're sort of the man in charge of the ports as you're watching these two sides battle against
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